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Nov. 14, 2024 at 10:25 am CST

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned lower at midday Thursday, getting pressure from a weaker Chicago soy complex. Uncertainty regarding tariffs and biofuel policies of the incoming Trump administration continued to push down the complex, as did improving weather conditions in Brazil and […]

Nov. 14, 2024 at 8:50 am CST

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market found some strength on Thursday morning, finding support from comparable oils. Chicago soyoil and European rapeseed were on the rise to start the day, while Malaysian palm oil was mostly higher. Crude oil also made gains despite a warning from […]

Nov. 13, 2024 at 2:26 pm CST

Intercontinental Exchange canola futures closed lower on Wednesday, settling off of session lows. An analyst said fund selling along with some farmer selling have been pushing down canola prices. He added farmers at this time are largely cash-adequate, not needing to part with their canola. The analyst also raised concerns […]

Nov. 13, 2024 at 10:40 am CST

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were sharply lower at midday Wednesday amid a selloff “Canola has been diving lower on fund selling and a little bit of farmer selling,” commented analyst Wayne Palmer of Exceed Grain in Winnipeg, noting the farmers are largely […]

Nov. 13, 2024 at 8:48 am CST

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market declined further on Tuesday, following the lead of comparable oils. Chicago soyoil and Malaysian palm oil were lower to start the day, while crude oil also dropped on fears of a surplus. Meanwhile, European rapeseed was mixed. The Canadian dollar […]